Promise details

In 2019/20, we will reduce the federal debt-to-GDP ratio to 27 percent.

Trudeau polimetre - 2015
Promise broken

Real Change: A New Plan For a Strong Middle Class (page 76)


March 19, 2019 - Chart 4, Federal Debt-to-GDP Ratio - Investing in the Middle Class, Budget 2019-2020, Overview - Government of Canada

November 21, 2018 - Table A1.4 Summary Statement of Transactions - Federal debt in % of GDP : 31.4 - Investing in Middle Class Jobs, Fall Economic Statement 2018, p.94 - Government of Canada

October 19, 2018 - "Canada’s finance ministry on Friday released final figures for the 2017/18 fiscal year and said the budget deficit was slightly smaller than initially forecast, while the debt-to-GDP ratio had edged up." - Canada trims budget deficit, ups debt-to-GDP figures for 2017/18 - Reuters

January 09, 2018Federal Fiscal Forecast: Can the Federal Government Really Slow Its Pace of Spending? (Revised) - The Institute of Fiscal Studies and Democracy (IFSD)

October 27, 2016 - "Based on the current consensus view, the federal debt-to-GDP ratio will fall to 31.0 per cent by 2020–21." - A Plan for Middle Class Progress : Fall Economic Statement - Government of Canada

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